- Power Ledger receives 34 million USD through ICO!
- Circle works on a Wallet Network!
- Crimean Peninsula: Government employees are released because of Bitcoin mining!
- Bitcoin Course Analysis for Week 40/2017!
- BITCOIN COURSE CHALLENGE starts this Sunday!
The Australian blockchain startup Power Ledger has received 34 million US dollars through the processing of an Initial Coin Offerings.
The company, which deals with applications for the energy trade, has already taken 17 million US dollars during pre sales. Power Ledger received around 27,820 ETH, 1,050 BTC and 6,120 LTC for its tokens. In addition, the startup earned around 13.23 million US dollars for the sale of the tokens . According to the Australian Financial Review, 15,000 traders have participated in the ICO.
The startup whitepaper states that the token will serve as a gateway to a platform that the company is currently working on. They should serve as a kind of currency for the participants of the platform. The token is also intended to create an incentive to act with energy.
The work of the company has aroused the interest of various Australian electricity suppliers. Among other things, the largest electricity company in the country, Origin Energy, is interested in the platform. The startup has already begun with tests in the region. According to the CEO, Dave Martin, his company will continue this work in the West of Australia and New Zealand.
As a result of the company's successful financing round, the number generated by the financing model ICO grows to more than $ 2 billion according to CoinDesk ICO Tracker.
The blockchain startup circle has announced the work on the project CENTER. This is intended to provide software that aims to link digital wallets together and create a wallet network.
CENTER aims to combine unequal digital wallets around the world. To this end, a series of common protocols and a network scheme are to be used, which makes it possible to move funds among the wallets back and forth. This is done in a similar way, as information can be moved between different web browsers or e-mail servers. This is what is said on the website of the project CENTER.
The project is claiming to be a new open source package of protocols and network schemes that connect people with global financial flows. These protocols will also allow the transfer of Fiat currencies via the blockchain. An open Internet of value exchange, which can integrate the whole world deeper and ultimately eliminate artificial economic boundaries, is the pathetically formulated goal of the CENTER project.
The White Paper addresses exactly how this vision can be achieved. So the startup is planning an implementation of CENTER in the Ethereum network, including the output of its own ERC-20 Token CENT. Moreover, it is possible for the participants of the network to create their own ERC-20 token, which are linked to a specific Fiat currency and thus represent a value within the network. These can then be sent back and forth between different network users. Transactions between different nodes would be handled via Smart Contracts.
The Token CENT acts as a medium between different applications that use different digital, non-compatible currencies.
On the Crimean peninsula, two government employees were fired because they did Bitcoin mining while working.
As has often happened around the globe, two government IT staff have now been released in Crimea, as they have abused the state infrastructure for Bitcoin's self-supporting mining operations.
According to the RIA Novosti news platform, the staff installed mining software on the computers of the agency and benefited from the free electricity. The accused, however, stated that they had just scrapped a small amount of Bitcoin, which of course does not change much. It is unclear whether the employees will be subject to further penalties in addition to their dismissal.
Time and time again, employees try to use the resources of their employer to enrich themselves with the mining of crypto currencies. The fact that this is a criminal offense and a reason for repudiation seems to many people not quite aware. Also some time ago a former employee of the American bank FED was mining at work. For two years he had used the central bank's servers to run Bitcoin mining software. In addition to dismissal, the former FED employee was sentenced to a one-year probation penalty and $ 5,000.
These incidents should remind anyone who has ever thought about running mining software at the workplace, that the above-mentioned facts are a criminal offense.
The price has risen to as high as EUR 3,846.29 (USD 4.498.56) this week, was light going down again and currently stands at EUR 3,769.96 (USD 4.409.29).
Image based on data from coinbase.com
Summary
- The Bitcoin course has increased during the week.
- After reaching a maximum of EUR 3,846.29 (USD 4.498.56), the price fell to EUR 3.567.92 (USD 4.172.99), but has since then risen to EUR 3.769.96 (USD 4.409.29).
- The most important short-term support is EUR 3,567.92 (USD 4,172.99), the most important short-term support being EUR 3,846.29 (USD 4,498.56) at the week minimum.
The positive development of the Bitcoin course of the last week continues, so that an early test of the all-time high can be hoped for! Although there was a downturn several days before yesterday, the course was able to recover, to climb over the exponential moving mean values of the last 24 and 48 hours, respectively, and can now hold on to this.
The MACD (second panel) is correspondingly positive for these developments, as is the MACD line (blue) above the signal (orange).
The RSI (third panel) stands at 70 and is almost overbought.
The analysis of the movements in the 60 mins. chart speak a bullish language. The main support in this chart is described by the week minimum and is EUR 3,567.92 (USD 4,172.99). Prior to this, however, the exponential moving average values must be broken down for one or two days, which are EUR 3,701.35 (USD 4,333.24) and EUR 3,687.82 (USD 4,317.40), respectively. The most important resistance is described by the week maximum and is EUR 3,846.29 (USD 4,498.56).
The long term course development
Let us consider the 240 mins. chart as the first to assess medium and long-term developments:
Image based on data from coinbase.com
With the end of the downtrend, which has determined the last few weeks, the price has entered a stable uptrend. He could hold steady to above the dip this week, over the exponential moving averages over a week and over two weeks. During this dips, the last-mentioned average value was tested briefly, but the price could bounce off on it and has been rising steadily since then.
The MACD is positive according to these developments, as is the MACD line above the signal. The RSI stands at bullish 60. In the medium term, the situation is bullish. The most important support is EUR 3,567.92 (USD 4,177.04), which corresponds to the exponential moving average over two weeks. The most important Resistance corresponds to the Resistance on the
60 mins. chart and is EUR 3,846.29 (USD 4,498.56).
Let's take a look at the 1D chart:
Image based on data from coinbase.com
Taking into account the all-time high and the minimum in the middle of September, a triangle pattern has formed which will come to a conclusion in the coming days. Currently, the resistance of this triangle pattern is being tested. The price is stable over the 23.6% fib retraction level and the exponential moving average over one or two months.
The MACD is now again positive and the MACD line is still above the signal. The RSI rating is 58 bullish.
Overall, the long-term forecast is bullish. The most important support is the support of the Triangle Pattern, currently at the exponential moving average of EUR 3,501.99 (USD 4,099.85). Most important resistance before the all-time high is still described by the temporary maximum on 7 September and stands at EUR 3,929.95 (USD 4,642.33).
Disclaimer:
The course analysis is from the morning MUT time zone and can have changed since. The price estimates presented in this post are not a recommendation to buy or sell. They are merely an estimate of me.
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